RPHIX vs. RCRIX
RPHIX (RiverPark Short Term High Yield Fund) and RCRIX (RiverPark Floating Rate CMBS Fund) are both mutual funds - RPHIX is a High Yield Bonds fund managed by RiverPark Funds, while RCRIX is a Bank Loan fund managed by RiverPark Funds. Over the past 5 years, RPHIX returned 4.56%/yr vs 5.31%/yr for RCRIX. Their 0.11 correlation means their historical movements had little consistent relationship. RPHIX charges 0.89%/yr vs 0.85%/yr for RCRIX.
Performance
RPHIX vs. RCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, RPHIX achieves a 1.83% return, which is significantly lower than RCRIX's 2.31% return.
RPHIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.61%
- YTD
- 1.83%
- 1Y
- 3.77%
- 3Y*
- 5.36%
- 5Y*
- 4.56%
- 10Y*
- 3.46%
- ALL TIME*
- 3.37%
RCRIX
- 1D
- 0.11%
- 1M
- 0.00%
- 6M
- 1.69%
- YTD
- 2.31%
- 1Y
- 4.34%
- 3Y*
- 6.93%
- 5Y*
- 5.31%
- 10Y*
- —
- ALL TIME*
- 8.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RPHIX vs. RCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPHIX RiverPark Short Term High Yield Fund | 1.83% | 4.76% | 6.71% | 5.87% | 2.97% | 2.05% | 1.95% | 2.77% | 2.44% | 1.19% |
RCRIX RiverPark Floating Rate CMBS Fund | 2.31% | 5.56% | 10.01% | 9.85% | -0.72% | 2.81% | -8.51% | 4.46% | 59.17% | 3.09% |
Correlation
The correlation between RPHIX and RCRIX is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.11 |
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Return for Risk
RPHIX vs. RCRIX — Risk / Return Rank
RPHIX
RCRIX
RPHIX vs. RCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and RiverPark Floating Rate CMBS Fund (RCRIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPHIX | RCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 3.33 | 4.84 | -1.52 |
| Calmar ratioReturn relative to maximum drawdown | 18.91 | 9.94 | +8.97 |
| Martin ratioReturn relative to average drawdown | 89.88 | 95.73 | -5.85 |
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Drawdowns
RPHIX vs. RCRIX - Drawdown Comparison
The maximum RPHIX drawdown since its inception was -3.16%, smaller than the maximum RCRIX drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for RPHIX and RCRIX.
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Drawdown Indicators
| RPHIX | RCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.16% | -30.00% | +26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -0.45% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -0.72% | -1.93% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -0.92% | -3.75% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -3.16% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.34% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -2.95% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.05% | -0.01% |
Volatility
RPHIX vs. RCRIX - Volatility Comparison
The current volatility for RiverPark Short Term High Yield Fund (RPHIX) is 0.26%, while RiverPark Floating Rate CMBS Fund (RCRIX) has a volatility of 0.52%. This indicates that RPHIX experiences smaller price fluctuations and is considered to be less risky than RCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPHIX | RCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.52% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | 0.74% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.86% | 0.90% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 1.61% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.20% | 7.86% | -6.66% |
RPHIX vs. RCRIX - Expense Ratio Comparison
RPHIX has a 0.89% expense ratio, which is higher than RCRIX's 0.85% expense ratio.
Dividends
RPHIX vs. RCRIX - Dividend Comparison
RPHIX's dividend yield for the trailing twelve months is around 3.50%, less than RCRIX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCRIX RiverPark Floating Rate CMBS Fund | 4.37% | 5.30% | 6.85% | 7.90% | 3.80% | 2.34% | 3.16% | 3.36% | 49.16% | 3.64% | 0.00% | 0.00% |
RPHIX RiverPark Short Term High Yield Fund | 3.50% | 4.76% | 6.40% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.63% | 3.19% |
Frequently Asked Questions
RPHIX and RCRIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCRIX has higher volatility (0.52%) compared to RPHIX (0.26%). In terms of maximum drawdown, RPHIX dropped -3.16% vs RCRIX's -30.00%.
RCRIX currently has the higher Sharpe Ratio (5.00 vs 4.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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